Affiliated Companies and Participating Interests

actogas GmbH

Independent Natural gas trading company (100% owned by Bayerngas).
Objectives: Price hedging, portfolio management, trading OTC/hubs, development of new products.
Website: www.actogas.de

bayernets GmbH

Independent network operator (100% owned by Bayerngas). Objectives: Efficient operation of the approximately 1,300 km long high pressure pipeline network in South Bavaria and marketing of the corresponding network capacities. bayernets GmbH is shareholder of NetConnect Germany (NCG). Website: www.bayernets.de

Bayerngas Norge

Upstream company in Norway (31.5% Bayerngas/ 31.31% Stadtwerke München GmbH/ 30.11% SWM Gasbeteiligungs GmbH & Co. KG/ 3.75% TIGAS-Erdgas Tirol/ 3.33% Swissgas).
Objectives: Acquisition of interests in gas discoveries and licences, analysis of marketing and transportation opportunities.
Website: www.bayerngasnorge.com

bayernSERVICES GmbH

Technical service company for natural gas facilities (ownership 50% Bayerngas/50% Schandl GmbH). Objectives: Maintenance, servicing, operating and constructing gas networks and installations as well as organising training courses in line with the rules and regulations issued by the DVGW. Website: www.bayernservices.de

novogate GmbH

Municipal natural gas procurement platform for public utilities (70% Bayerngas/ 20% Gelsenwasser/ 10% Südtiroler Elektrizitätswerke AG). Objectives: Creating new business opportunities, particularly procurement alternatives, mid/upstream investments, access to trading markets and expansion of expertise. Website: www.novogate.de

In addition, Bayerngas holds interests in GasLINE and erdgas mobil.